Affirm Partners with Worldpay to Strengthen Installment Lending Offerings

San Francisco, CA — Affirm is enhancing its installment lending services by forming strategic partnerships ahead of its earnings call this Thursday. The payments technology company has signed a distribution agreement with Worldpay and expanded its collaboration with New York Life to sell future lending volumes.

Wayne Pommen, Affirm’s chief revenue officer, explained that the company aims to be present wherever consumers decide on payment options. “Our strategy has always been to have our methods available in as many places as possible,” he told American Banker.

The partnership with Worldpay will integrate Affirm’s services into Worldpay’s embedded payments for software vendors. Over the past year, Worldpay has processed more than $400 billion in payments and 4.6 billion transactions with over 1,000 software-as-a-service companies. Customers can access Affirm’s financing options, which feature rates starting at 0% APR and plans ranging from 30 days to 60 months for purchases from $35 to $30,000.

<p“It's mainstream payments that consumers are looking for,” Pommen noted, mentioning that Affirm has 23 million users who make multiple payments each year using the checkout option.

As part of its strategy, Affirm collaborates with Worldpay to embed checkout options into the software tools used by various businesses, including gyms and medical offices, which increasingly incorporate payments into their service offerings.

In a separate agreement, New York Life has committed to purchase up to $750 million of Affirm’s installment loans on a forward-flow basis until December 2026. This funding can support an estimated $1.75 billion in consumer loan volume annually. Brendan Feeney, a managing director at New York Life, praised Affirm for delivering favorable credit outcomes that translate into strong returns.

Pommen declined to comment on potential partners or ongoing acquisitions of Worldpay but stated that the company continues to explore relationships to enhance its scale. “We look to work with multiple partners, and scale is always important,” he added.

Amid these developments, other buy now, pay later (BNPL) firms are also expanding. For instance, similar financing arrangements are taking shape at PayPal and Klarna, as the industry adapts to meet consumer demands.